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Financial Objectives - Coggle Diagram
Financial Objectives
S.M.A.R.T
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Achievable - Setting an impossible target is demoralising for staff and could also create poor shareholder and public confidence if objectives are not met
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Timebound - Usually relate to the company's financial year. They can also look further into the future
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Long-Term Funding
A business may set an objective of ensuring that no more than 25% of its long-term funding comes from debt.
Setting targets to reduce long-term funding from debt can protect a business if there is an increase in interest rates.
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